Finovate

OCTOBER 29, 2024

Array , an embedded consumer products platform, has agreed to acquire embedded debt guidance solutions provider Payitoff. “We acquired Payitoff because our companies have a shared vision to provide seamless, embeddable products that fuel financial progress. Terms of the transaction were not disclosed.

Acquirers 105

Acquirers Consumer Payment APIs and Integration Privacy 105

PYMNTS

JULY 30, 2019

Average overdraft fees are at $32.53, a slight decline year-on-year between 2017 and 2018, but still objectively high — and, statistically, more likely to affect low-income earners than higher-income earners. Consumers making less than $30,000 a year are twice as likely to incur an overdraft penalty fee than those who make more.

Consumer 76

Consumer Financial Literacy ATM FDIC 76

PYMNTS

JULY 7, 2020

But that number misses an unprecedented scope of scams connected to the coronavirus, according to John Breyault , a spokesman for the National Consumers League , the Washington, D.C.-based based consumer advocacy group. “I Consumers reported 121,466 instances of fraud, the FTC found.

Federal Trade Commission 70

Federal Trade Commission FTC Consumer Scams 70

PYMNTS

NOVEMBER 30, 2020

The divide between digital and brick-and-mortar commerce hit a tipping point this holiday season, with more consumers than ever going online to kick off their holiday shopping sprees. consumers on Nov. The COVID-19 pandemic accelerated consumers’ shift to digital-first commerce. percent decrease in the share who did so in 2018.

Debit Card 128

Debit Card PayPal Credit Cards Consumer 128

Fintech News

OCTOBER 13, 2024

The partnership offers a variety of insurance products such as SafeTrip for users traveling with Gojek’s mobility services, package delivery insurance for GoSend, large-scale goods coverage for GoBox, and delivery insurance for GoKilat.

Underwriting 96

Underwriting Volume Product Automation 96

PYMNTS

DECEMBER 21, 2020

Apple is advancing its self-driving car project, according to a Reuters report, and will look at debuting a new product by 2024 that could also come with new battery technology. In 2018, Apple veteran Doug Field , who had worked at Tesla , returned to the project and laid off 190 people from the team the next year, Reuters reported.

Returns 132

Returns Technology Product Consumer 132

Open Banking Excellence

NOVEMBER 9, 2023

Since Open Banking launched in January 2018, seven million consumers and businesses have used it. The adoption of account data services has lagged behind Open Banking payments, whilst the number of Open Banking use cases is limited and it has not yet entered daily or weekly usage for most consumers and businesses.

Use Case 130

Use Case API Fraud Prevention Risk 130

PYMNTS

OCTOBER 27, 2020

The acquisition builds on a strategic partnership and investment made in 2018, where Visa invested in the company back then. Ruben Salazar , Visa’s senior vice president and head of product and solutions for Latin America, told PYMNTS recently that the company is working on new collaborations to expand how customers can use rewards.

Acquirers 119

Acquirers Payment APIs and Integration Processors Issuers 119

The Fintech Times

APRIL 27, 2024

These requirements include banning universal default passwords, reporting security vulnerabilities and requiring manufacturers to reveal how long they will support each product. ” “It is positive that the Act is requiring manufacturers to say how long they will support each product.

API 124

API Cybersecurity Authentication Security 124

PYMNTS

AUGUST 5, 2020

In fact, it has been profitable since it was founded in July 2018, with its revenue doubling (on average) every 73 days. With over $300 million in pro forma revenue and 6,000+ products, it is one of the top 25 sellers on Amazon. The value proposition for the consumer must be clear and simple.

Product 134

Product Compliance Consumer Acquirers 134

CB Insights

FEBRUARY 20, 2020

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. All told, they raised over $15B in 2019, in addition to forging new high-profile partnerships, spinning off new ventures, and evolving their products and strategies.

FinTech 80

FinTech Debit Card Payment APIs and Integration Push-to-Card 80

PYMNTS

AUGUST 11, 2020

million in 2018 — according to CNBC. Revolut attributed the losses to its expansion into new markets and the introduction of new products. The company’s revenues actually tripled last year, increasing 180 percent to £162.7 ($213 million) from 2018. The company posted a total loss of $139.6 million (£106.5

FinTech 95

FinTech Debit Card Accounts Consumer 95

Open Banking Excellence

NOVEMBER 14, 2023

It came into full effect in 2018 and involved several key pillars: Enhanced Security : The PSD2 introduced Strong Customer Authentication (SCA) to bolster the security of digital transactions. FIDA is designed to expand the concept of Open Data beyond banking, encompassing various financial products and services.

Non-Bank 130

Non-Bank Rules Authentication Regulations 130

PYMNTS

AUGUST 12, 2020

According to Gitesh Athavale, head of Product (Cards) with Nium, the company wanted to help move the payments world into the new digital space. From 2018 to 2019, the amount of funds being sent out sat at $14 billion, a huge increase from the $1 billion from just a few years earlier in 2015.

End User 106

End User Small Business Product Payments 106

PYMNTS

OCTOBER 21, 2020

The Robinhood trading app has allowed crypto since 2018, and Square users have been able to trade in crypto for over a year. If They Build It — Do Consumers Actually Come? . But the question remains: what do consumers actually want from crypto? PayPal isn’t the first big name in tech to jump on the crypto bandwagon.

PayPal 131

PayPal Cryptocurrency Bitcoin Central Bank 131

PYMNTS

DECEMBER 14, 2020

When COVID-19 is gone six months or a year from now, what will consumers be like? The past eight months of data that PYMNTS has collected from consumers tell a pretty clear story on that point. The past eight months of data that PYMNTS has collected from consumers tell a pretty clear story on that point. consumer habits.

Consumer 103

Consumer Returns Product Authorization 103

PYMNTS

NOVEMBER 10, 2020

Vince Cacace , CEO of Vertebrae, told PYMNTS that AR in 3D has become a high-demand technology for all kinds of products and retailers. “We Another example of AR working in a retail application can be seen at the direct-to-consumer (D2C) sunglasses retailer goodr. How does it work on me? How does it work in my space?

Technology 104

Technology On-Demand Use Case Product 104

PYMNTS

SEPTEMBER 5, 2019

Commercial and consumer cards issued in the U.S. trillion in spending for goods and services in 2018, The Nilson Report said in a press release Thursday (Sept. percent, compared to consumer card spending, which grew by 10.1 Consumer card spending was $4.74 Consumer card spending was $4.74 generated $6.13

Commercial Card 75

Commercial Card Cross-Border Visa Issuers 75

Fintech News

AUGUST 12, 2024

The company leads the consumer finance market with over 21,000 points of sale, 16,000 employees, and more than 12 million customers. Fiin Credit: Founded in 2018, Fiin Credit is a digital finance and consumer credit system in Vietnam. The platform has served over 14 million users and offers more than 100 convenient services.

FinTech 95

FinTech Online and Mobile Banking Point-of-Sale (POS) Payment Gateways 95

PYMNTS

JUNE 29, 2020

The startup, based in Hunan, has enjoyed a significant boost from the COVID-19 epidemic, which has forced Chinese consumers to seek out food delivery services and other alternatives. Xingsheng Youxuan recently filed paperwork to go public in 2020, investment research firm EqualOcean reported.

Laws 109

Laws Finance Research Posting 109

PYMNTS

OCTOBER 7, 2020

PYMNTS has been tracking consumer attitudes and behaviors around shopping and payment methods since mid-March, which has shown clear trend lines toward concerns about safety, shifts in digital preferences and avoidance of in-store visits. percent shopped online during Black Friday last year, which was double the 2018 number.

Volume 96

Volume Consumer Research Returns 96

PYMNTS

JANUARY 25, 2021

They have created a very cool and differentiated product with huge mainstream appeal, and I love that they’ve been best friends and partner entrepreneurs since childhood,” Lubetzky said after announcing the investment on Friday (Jan. lookout for good product ideas. They began selling chips in autumn of 2018. Getting Going .

CHIPS 116

CHIPS Returns Product Consulting 116

PYMNTS

APRIL 23, 2020

More banks are therefore moving away from legacy core systems to embrace cloud-native architectures to power automation and meet the speed expected by consumers, securely. The partnerships are part of a larger plan by Lloyds Bank to enhance its online banking offerings, an initiative that began in 2018. The bank has designated $3.7

Innovation 105

Innovation Automation Security Consumer 105

Open Banking Excellence

SEPTEMBER 27, 2024

The growth in account ownership in LATAC can be attributed mainly to the increased availability of mobile money accounts, which, in turn, has led to greater accessibility to mobile financial products for previously marginalised groups, including women, low-income people and other historically excluded sectors of the population.

Financial Inclusion 147

Financial Inclusion FinTech Laws Regulations 147

Fintech News

JULY 15, 2024

MO offers various products catering to both business-to-business (B2B) and business-to-consumer (B2C) markets. These products include MoBiz, MoBills, MoPayments, and MoMoney. MoMoney, the B2C product, offers loyalty programs, QR code payments, mobile top-up, cash withdrawal, and bill payments.

FinTech 108

FinTech Online and Mobile Banking Financial Inclusion Payroll 108

PYMNTS

AUGUST 19, 2020

The pandemic has made us a world populated by consumers – of content. And where the consumer’s appetite for the daily fix of movies, news, shoes and games only grows, the subscription economy is poised to grow in lockstep. Paid accounts, up 30 percent year on year, stand at 550 million. As joint research between PYMNTS and sticky.io

Consumer 115

Consumer Returns Continuity Economy 115

PYMNTS

JULY 14, 2019

Samsung has reached an agreement with an online marketplace for financial products in India that will allow consumers to apply for credit cards and loans through the Samsung Pay app. Paisabazaar introduced its “Chance of Approval” predictive algorithm at the end of 2018 with the goal of increasing the acceptance rate for applications.

Credit Cards 76

Credit Cards Payments Agreements Product 76

PYMNTS

NOVEMBER 9, 2020

The consumer with a range of bank and other financial accounts spanning several firms can have all that data collected at a single point of access. That unified view, conceivably, can leverage FinTech services that help end consumers (for example) see how they are managing their budgets, their investments and reach various financial goals.

Consumer Financial Protection Bureau (CFPB) 114

Consumer Financial Protection Bureau (CFPB) Accreditation CFPB TCH 114

PYMNTS

FEBRUARY 10, 2020

Visual search and in-store kiosks are coming more into focus, with the category powering consumer adoption and shopping at a pace that has led executives to dub the business “ visual commerce.” And Slyce is also placing a bet on in-store visual search kiosks with its “Parts Finder” product. All this, Today in Data.

Consumer 73

Consumer Product Payments 73

PYMNTS

OCTOBER 20, 2020

Until recently there was “a consumer” who industry felt it understood, and whose tastes it knew well enough to gauge the market of new products and services. In chronicling the digital shift since it went into high-gear last spring, PYMNTS has gathered valuable business intelligence on the demands of new digital-first consumers.

Consumer 88

Consumer Shutdown Returns Economy 88

PYMNTS

JUNE 18, 2020

Khalid Fellahi , president of Consumer Money Transfer at Western Union, told PYMNTS that selling insurance and potentially other products alongside money transfer services should help differentiate the company from competitors. He said Western Union has built the capacity to add products into its technology “ecosystem.”

Wire 84

Wire Wires Origination Volume 84

PYMNTS

FEBRUARY 26, 2020

Mastercard , like most consumer credit connected brands, was hit hard in the early days of the Great Recession. Banga will be succeeded by Mastercard’s Chief Product Officer Michael Miebach, who first joined the company in 2010 as president of Middle East and Africa.

Visa 109

Visa Payments Push-to-Card EMV 109

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. As a result of its product innovation efforts, Stripe has seen explosive growth in product adoption and valuation. TABLE OF CONTENTS.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

PYMNTS

AUGUST 20, 2020

Uber Health was launched in 2018 to provide medical transportation services. The impetus for the program is the COVID-19 pandemic, which has exposed a need for new ways for the immunocompromised to access medical care without exposing themselves to the virus. “With COVID-19 cases still on the rise across the U.S.,

On-Demand 92

On-Demand Accounts Product Consumer 92

Fintech News

JANUARY 31, 2024

As fintech continues to grow and evolve in Singapore, we look today at top funded fintechs in Singapore, delving into their products and value propositions, as well as their latest developments. Advance Intelligence Group claims it serves over 500 enterprise clients, 235,000 merchants and 40 million individual consumers.

FinTech 97

FinTech Cross-Border Cross-Border Payments Security 97

Fintech Finance

JULY 30, 2024

New findings show that adoption rates of Open Banking payments are increasing, with more than 58% of fintechs now offering this type of payment for financial services products. However, a survey of consumers revealed a mixed picture when it comes to adoption and attitudes towards Open Banking payments, also known as pay-by-bank.

Research 84

Research Continuity FinTech Cross-Border Payments 84

PYMNTS

SEPTEMBER 18, 2020

1 factor in consumer shopping behavior as shown over time in the PYMNTS COVID-19 tracker project. percent lift in 2019 over 2018. E-commerce is likely to be a big winner because consumers have shown a clear movement towards buying online rather than at brick and mortar stores.”. The second wild card is consumer spending.

Consumer 91

Consumer Mitigation Economy Continuity 91